Illinois HB3554 amends the Collection Agency Act, modifying rules for collection agencies, including fees, prohibited practices, and disciplinary.
Illinois HB3554 amends the Collection Agency Act to update rules for collection agencies. It prohibits agencies from imposing fees for child support payments collected by government agencies. It sets a fee rate for child support collections between 25% and 35%. The bill outlines prohibited practices, such as harassment, misrepresentation, and unauthorized communication with debtors. It also details disciplinary actions for violations, including fines and license suspension. HB3554 removes the Collection Agency Act from the list of Acts scheduled for repeal under the Regulatory Sunset Act.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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